Perth

Major childcare centre investment to ignite competitive buyer interest

CBRE has been appointed to sell a new childcare centre, backed by a national brand in Perth’s south-east – igniting strong investor interest from buyers looking to capitalise on Australia’s growing childcare sector.

30 Jan 2019

CBRE has been appointed to sell a new childcare centre, backed by a national brand in Perth’s south-east – igniting strong investor interest from buyers looking to capitalise on Australia’s growing childcare sector.  

Located in Byford, within Satterley’s Redgum Brooke Estate - an established master planned community in one of Perth’s fastest growing regions - the Green Leaves Early Learning centre is being offered for sale with a 20-year lease and two additional 10-year options. 

The centre, which was completed in December and opened in January, comprises a main building spanning 1,033sqm and is complemented by an external component totaling 926sqm.  

Positioned on a 1,906sqm site with two street frontages, the double-storey facility is licensed for 128 placements and leased to national childcare operator, Green Leaves Early Learning, as part of its expansion into Western Australia. 

CBRE’s Richard Cash, Michael Milne and Sandro Peluso have been appointed to steer the sale process via a national Expressions of Interest campaign. 

Mr Cash said the property’s strong lease covenant and position within a high-growth catchment would underpin competitive buyer interest. 

Mr Milne commented: “High grade, well-located childcare centre investments are extremely sought after by investors due to improved government funding and the ever-increasing dependency on childcare by young families.” 

Established in 1988, Green Leaves Early Learning specialises in the acquisition, development and operation of high grade early centres across Australia. It has 21 centres currently in operation and nine centres opening soon, including Green Leaves Byford Early Learning Centre. 

The sale process is via national ‘Expressions of Interest’, closing February 28. 
 
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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.